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Lunna [17]
3 years ago
9

Megan borrowed $50,000 at 5% simple interest for 6 years. Joseph borrowed $60,000 at 4% simple interest for 8 years. Using the f

ormula m=P+Prt/12t, who will have a greater monthly payment, m, and by how much?
A. Megan will pay approximately $8 dollars more per month.
B. Megan will pay approximately $78 dollars more per month
C. Joseph will pay approximately $8 dollars more per month.
D. Joseph will pay approximately $78 dollars more per month.
Mathematics
2 answers:
Volgvan3 years ago
8 0

Answer:

Megan will pay approximately $78 more per month

Step-by-step explanation:


Savatey [412]3 years ago
3 0
Meagan will pay $78.00
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Ludmilka [50]

Answer:

P = 660,592

Step-by-step explanation:

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P = 222,000 (1+.0875)^{13}

P = 660,592

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Answer:

y = 12

Step-by-step explanation:

....................

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lapo4ka [179]

Answer:

  an = 2·2^(n-1)

Step-by-step explanation:

There are simple tests to determine whether a sequence is arithmetic or geometric. The test for an arithmetic sequence is to check to see if the differences between terms are the same. Here the differences are 2, 4, 8, so are not the same.

The test for a geometric sequence is to check to see if the ratios of terms are the same. Here, the ratios are ...

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These ratios are all the same (they are "common"), so the sequence is geometric.

The general term of a geometric sequence with first term a1 and common ratio r is ...

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Filling in the values for this sequence, we find the general term to be ...

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7 0
3 years ago
The diameter of a bike is 22 inches and it is rotating 16 radians per second. Approximate the speed in feet per second.
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3 years ago
A printer can print 27 pages in 4.5 min. How much time does it need to print 324 pages?
lutik1710 [3]

Answer:

54 minutes

Step-by-step explanation:

We can write a proportion to solve this problem.  Put the number of pages over the minutes

27 pages           324 pages

--------------    = ---------------

4.5 minutes         x minutes

Using cross products

27 * x = 324 * 4.5

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Divide each side by 27

27x/27 = 1458/27

x =54

6 0
4 years ago
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